Private school, other religious
Faith Academy
Iowa City, IA · Grades K to 6 · 88 students
Can a 529 pay for Faith Academy?
Yes. Federal law lets a 529 plan pay tuition at a private, public or religious elementary or secondary school, up to $20,000 a year per student. Faith Academy is a private school serving grades k to 6, so its tuition is the kind of cost this covers.
What a 529 can pay
- Tuition, up to $20,000 a year per student
- Curriculum, books and instructional materials
- Tutoring and classes outside the home
- Fees for SAT, ACT, AP and other exams
- Online educational materials
- Educational therapies for a student with a disability
What it can’t
- Registration, application and building fees
- Activity, field trip and technology fees
- Uniforms, sports and extracurriculars
- School meals and transportation
- Aftercare and summer camps
Ask Faith Academy which of its charges are billed as tuition. Fees added to a tuition bill are not always covered.
What Iowa does with it
The tax rule is your state of residence’s, so this applies if you live in Iowa.
Iowa has its own K-12 conditions
Iowa limits K-12 to Iowa schools, or schools accredited under Iowa Code section 256.11. Check Iowa's rules before you withdraw.
General information, not tax advice. Source: Saving for College, which states conform to federal 529 law (Jan. 2026). How it works
Plan and track Faith Academy costs
Add this school to a free plan, see how it fits with college savings, and log each tuition bill, book and test fee so it is checked against the rules and ready for tax time.
More private schools in Iowa City
- Regina Catholic Education CenterGrades PK to 12
- Regina Catholic Education CenterGrades PK to 12
- Willowwind SchoolGrades PK to 6
School details: Iowa City, IA · Private (other religious) · Grades K to 6. Source: U.S. Department of Education, National Center for Education Statistics (2021-22). General information, not tax advice.